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Public finances after the COVID-19 pandemic

OECD nations face particularly powerful fiscal pressures over the coming decades. To handle these pressures without lapsing into fiscally irresponsibility, they will need to make courageous decisions on both the expenditure and tax sides. This paper looks at the implications of this for budgeting. I...

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Bibliographic Details
Main Author: Robinson, Marc
Format: eBook
Language:English
Published: Paris OECD Publishing 2022
Subjects:
Finance And Investment
Economics
Governance
Online Access:
Collection: OECD Books and Papers - Collection details see MPG.ReNa
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520 |a OECD nations face particularly powerful fiscal pressures over the coming decades. To handle these pressures without lapsing into fiscally irresponsibility, they will need to make courageous decisions on both the expenditure and tax sides. This paper looks at the implications of this for budgeting. It focuses particularly on reallocation and expenditure discipline, including the role of spending review, and the design and implementation of expenditure ceilings. The question of the relevance of net worth as a fiscal policy measure is also discussed, as is the potential for efficiency savings to relieve the fiscal pressure on governments 

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